Theoretical background
Research question, justification and hypotheses
Description of variables
Methodology
Preliminary results
Conclusions
The richest 1% of the population is wealthier than the rest of the world combined.
In 2010, 388 individuals had the same wealth as 3.6 billion people.
In 2015, this share of population further narrowed to 62 people.
In the last 15 years, the average annual income of the poorest 10% of people in the world has risen by less than a single dollar cent per year.
Consumption behaviour differs according to social status
How the rise in inequality, economic growth and usage of public transportation influences the purchase of cars (as an example of luxury good) in Singapore, from 1995 to 2014.
A successful developing economy…
… With a world class transportation system and policies deterring the purchase of private cars
H1: The higher the economic growth, the higher the purchase of luxury cars
H2: The higher the inequality, the higher the purchase of luxury cars
H3: The less usage of public transport, the higher the purchase of luxury cars